Vestwell Eyes Multi-Billion-Dollar Future After Landing $70M Investment Aaron Schumm s Vestwell is growing quickly, fueling Morgan Stanley s workplace ambitions and landing Connecticut s state auto-IRA.
Recordkeeping-as-a-service firm Vestwell landed a $70 million Series C funding round that has founder and CEO Aaron Schumm describing “a very clear line of sight to be a multi-billion-dollar business in the very near future.” The investment round was co-led by Wells Fargo Strategic Capital and Fin Venture Capital, according to an announcement, with additional investments from sources including Goldman Sachs and Morgan Stanley as well as the venture arms of insurances firms that include Nationwide Ventures, Allianz Life Ventures and Northwestern Mutual.
Inside Vestwell s $70M funding and retirement deal with Morgan Stanley
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Vestwell Raises $70 Million in Series C Funding, Led by Wells Fargo Strategic Capital and Fin Venture Capital
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